Brown County, Ohio
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1 Platform, 6 Refinance Alerts
01
Alert for Lower Rates
02
Alert for Cash Out
03
Alert for Shorter Term
04
Alert for Eliminating PMI
05
Alert for Product Changes
06
Alert for Changes in Home Value
Brown Real Estate Market Update
The real estate market in Brown County, Ohio, has seen significant growth, with the median home list price reaching $299,900 in October 2024, marking a 36.3% increase from the previous year. This rise reflects a robust demand in the area, with homes selling at an average of $165 per square foot. The market's strength is also evident in the reduced average listing age, which has dropped to 45 days, indicating a competitive environment for buyers.
Brown County is home to several notable cities, including Georgetown, Mount Orab, and Sardinia. Georgetown, the county seat, has a population of approximately 4,331 residents, offering a small-town charm with essential amenities. Mount Orab is another key city, with a population of around 3,664, known for its community-oriented atmosphere and growing residential areas. Sardinia, although smaller, contributes to the county's rural character with its population of about 1,100 residents.
Living in Brown County offers a blend of rural and suburban lifestyles, with a significant portion of the area dedicated to agriculture and farming. The county's economy is supported by industries such as agriculture, manufacturing, and retail trade, providing diverse employment opportunities. The real estate market attracts individuals seeking a quieter, more rural lifestyle while remaining accessible to larger urban centers, making it an appealing choice for those looking to escape the hustle and bustle of city life.
2025 Mortgage Loan Limits:
Brown County, Ohio
1 Unit
$806,500
Conforming Loans
$524,225
FHA Loans
2 Unit
$1,032,650
Conforming Loans
$671,200
FHA Loans
3 Unit
$1,248,150
Conforming Loans
$811,275
FHA Loans
4 Unit
$1,551,250
Conforming Loans
$1,008,300
FHA Loans
Questions About Refinancing in
Brown County
What is mortgage refinancing?
Refinancing is the process of replacing your current mortgage with a new one, often to secure a lower interest rate or change the loan terms.When should I consider refinancing?
Consider refinancing when interest rates drop, your credit score improves, or you want to switch from an adjustable-rate to a fixed-rate mortgage.How much does it cost to refinance?
Refinancing costs typically range from 2% to 5% of the loan amount, including closing fees, appraisal, and title fees.How long does the refinancing process take?
The refinancing process usually takes between 30 to 45 days, but this can vary based on lender efficiency and document preparation.What are the benefits of refinancing?
Refinancing can lower your monthly payments, reduce interest rates, shorten loan terms, or allow you to tap into home equity.What is cash-out refinancing?
Cash-out refinancing allows you to take out a new loan for more than your current mortgage balance and receive the difference in cash.Will refinancing hurt my credit?
Refinancing may cause a temporary dip in your credit score due to the hard inquiry, but the impact is usually minor and short-term.Can I refinance with bad credit?
It may be harder to qualify, but some lenders offer refinancing options for people with lower credit scores, though they often come with higher interest rates.How much equity do I need to refinance?
Most lenders require you to have at least 20% equity in your home to qualify for refinancing, though some programs may allow for lower equity percentages.Is it possible to refinance a rental property?
Yes, you can refinance an investment or rental property, though the terms and interest rates may be different compared to refinancing a primary residence.
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